Ceteris paribus, in a closed economy, if consumers become more pessimistic ________
A) autonomous consumption will fall
B) investment will fall
C) saving will increase
D) all of the above
E) none of the above
D
You might also like to view...
Consider the following data that describe the relationship between income and a tax.IncomeTaxes$20,000$3,40016,0003,00012,0002,4008,0001,6004,000800The tax may be best described as
A. proportional at lower income levels and progressive at higher income levels. B. proportional at lower income levels and regressive at higher income levels. C. regressive at lower income levels and proportional at higher income levels. D. regressive at lower income levels and progressive at higher income levels.
In the late 2000s, which of the following was the primary source of external financing for small to medium-size firms?
A) mortgages B) bank loans other than mortgages C) trade credit D) other loans
The above figure shows the isoquants for producing steel. Constant returns to scale are
A) present when producing less than 10,000 tons. B) present when producing between 10,000 and 20,000 tons. C) present when producing more than 20,000 tons. D) never present.
Sports announcers often refer to a batter in a hitting slump as "being due." If they are correct, then it must be the case that
A) a batter's hits are randomly distributed. B) a batter's at-bats are related to each other. C) a batter's at-bats are independent of each other. D) baseball players are acting irrationally.